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Global Satellite Communication Market Size, Share, Trends, Growth, Analysis: By Type: Equipment, Service; By End Use: Maritime, Defence and Government, Enterprises, Media and Entertainment, Mining and Oil and Gas, Agriculture, Transportation, Others; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032
Global Satellite Communication Market Outlook
The global satellite communication market size reached approximately USD 55.97 billion in 2023. The market is projected to grow at a CAGR of 10.40% between 2024 and 2032, reaching a value of around USD 136.37 billion by 2032.
Key Trends in the Market
Satellites usually refer to an artificial object that is launched into orbit or outer space for various uses such as communication, weather forecasting, research, and navigation, among others. Satellite communication has become a crucial part of the modern communication technology sphere. In this communication process, the transmission of electromagnetic waves is used as carrier signals, which carry the audio, picture, voice, or any other form of data.
- One of the key trends propelling the growth of the satellite communication market is the increasing demand for small satellites from various sectors such as agriculture, engineering, communications, and oil and gas, among others.
- Satellite communication services offer a secure and dependable source of bandwidth capacity, making them highly suitable for military operations carried out in remote areas where the existing communication infrastructure may be insufficient or unreliable. Moreover, the rising utilisation of fixed satellite services (FSS) for government and military purposes is projected to propel the market.
- The Internet of Things (IoT) has significantly impacted various sectors, including SATCOM, significantly propelling the satellite communication market share. Millions of devices depend on satellite services and these devices serve diverse sectors such as infrastructure, environmental monitoring, military support, shipping, and aviation. Particularly in the aviation sector, the integration of IoT has the potential to propel the market growth in the foreseeable future.
Market Analysis
Based on type, the market is bifurcated into equipment and service. On the basis of end use, the market can be segmented into maritime, defence and government, enterprise, media and entertainment, mining and oil and gas, agriculture, and transportation, among others. The major regional markets for satellite communications are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global satellite communication market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments and expansion plans.
- Thales Group
- Iridium Communications Inc.
- SES S.A.
- Thuraya Telecommunications Company
- Cobham Limited
- Viasat, Inc.
- Orbcomm Inc.
- L3Harris Technologies Inc.
- ST Engineering iDirect
- Inmarsat Global Limited
- Gilat Satellite Networks Ltd.
- Others
Market Share by Type
Equipment is projected to experience a notable growth throughout the forecast period. Several factors contribute to this growth, including the escalating need for continuous communication in sectors such as energy and utilities, agriculture, oil and gas, as well as defence. Additionally, the segment is expected to benefit from the expanding fleet of autonomous and connected vehicles.
Market Share by End Use
Media and broadcasting capture a significant share of the revenue in the satellite communication market. This can be attributed to the extensive utilisation of satellites for broadcasting purposes and the seamless coverage achieved through remote operations. Furthermore, government and defence units are using satellite communication to maximise operational effectiveness.
Competitive Landscape
Thales Group is a multinational company that operates in various sectors, specialising in aerospace, defence, security, and transportation. Established in 2000, and located in France, the company invests a significant portion of its revenue into technological advancements for various sectors, including aerospace, defence, security, space, transportation, and connectivity, among others.
Iridium Communications Inc. is a global satellite communications company that provides voice and data communication services. Since its establishment in 2001, the company has successfully operated the Iridium satellite constellation, consisting of 66 active satellites positioned in low Earth orbit (LEO). This innovative constellation empowers Iridium to deliver dependable and uninterrupted communication services to every corner of the globe, including remote and polar regions.
SES S.A. headquartered in Luxembourg, is a prominent global telecommunications company and satellite operator. With its establishment in 1985, SES has emerged as a leading player in the satellite sector, offering a diverse portfolio of satellite-based services and solutions to clients spanning multiple sectors. SES manages an extensive fleet of satellites that are strategically located in both geostationary orbit (GEO) and medium Earth orbit (MEO).
Other market players include Thuraya Telecommunications Company, Cobham Limited, Viasat, Inc., Orbcomm Inc., L3Harris Technologies Inc., ST Engineering iDirect, Inmarsat Global Limited, and Gilat Satellite Networks Ltd., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Satellite Communication Market Analysis
8.1 Key Industry Highlights
8.2 Global Satellite Communication Historical Market (2018-2023)
8.3 Global Satellite Communication Market Forecast (2024-2032)
8.4 Global Satellite Communication Market by Type
8.4.1 Equipment
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.1.3 Breakup by Type
8.4.1.3.1 Transmitter/Transponder
8.4.1.3.2 Antenna
8.4.1.3.3 Transceiver
8.4.1.3.4 Receiver
8.4.1.3.5 Modem/Router
8.4.1.3.6 Others
8.4.2 Service
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Satellite Communication Market by End Use
8.5.1 Maritime
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Defence and Government
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Enterprises
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Media and Entertainment
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Mining and Oil and Gas
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Agriculture
8.5.6.1 Historical Trend (2018-2023)
8.5.6.2 Forecast Trend (2024-2032)
8.5.7 Transportation
8.5.7.1 Historical Trend (2018-2023)
8.5.7.2 Forecast Trend (2024-2032)
8.5.8 Others
8.6 Global Satellite Communication Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Satellite Communication Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Satellite Communication Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Satellite Communication Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 South Korea
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Australia
11.6.1 Historical Trend (2018-2023)
11.6.2 Forecast Trend (2024-2032)
11.7 Others
12 Latin America Satellite Communication Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Satellite Communication Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Thales Group
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Iridium Communications Inc.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 SES S.A.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Thuraya Telecommunications Company
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Cobham Limited
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Viasat, Inc.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Orbcomm Inc.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 L3Harris Technologies Inc.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 ST Engineering iDirect
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Inmarsat Global Limited
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Gilat Satellite Networks Ltd.
15.2.11.1 Company Overview
15.2.11.2 Product Portfolio
15.2.11.3 Demographic Reach and Achievements
15.2.11.4 Certifications
15.2.12 Others
16 Key Trends and Developments in the Market
List of Figures and Tables
1. Global Satellite Communication Market: Key Industry Highlights, 2018 and 2032
2. Global Satellite Communication Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Global Satellite Communication Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Global Satellite Communication Historical Market: Breakup by End Use (USD Billion), 2018-2023
5. Global Satellite Communication Market Forecast: Breakup by End-Use (USD Billion), 2024-2032
6. Global Satellite Communication Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global Satellite Communication Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America Satellite Communication Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America Satellite Communication Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe Satellite Communication Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe Satellite Communication Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific Satellite Communication Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific Satellite Communication Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America Satellite Communication Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America Satellite Communication Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa Satellite Communication Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa Satellite Communication Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Global Satellite Communication Market Structure
Key Questions Answered in the Report
In 2023, the market reached a value of about USD 55.97 billion.
The market is assessed to grow at a CAGR of 10.40% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach around USD 136.37 billion by 2032.
The market is being driven by the increasing utilisation of satellite services in the military sector and the growing deployment of IoT in satellite communication services.
The major trends in the market include the increasing demand for small satellites and technological advancements in communication infrastructure.
The major regional markets for satellite communication include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The various end uses of satellite communication are maritime, defence and government, enterprise, media and entertainment, mining and oil and gas, agriculture, and transportation, among others.
The key players in the global satellite communication market are Thales Group, Iridium Communications Inc., SES S.A., Thuraya Telecommunications Company, Cobham Limited, Viasat, Inc., Orbcomm Inc., L3Harris Technologies Inc., ST Engineering iDirect, Inmarsat Global Limited, and Gilat Satellite Networks Ltd., among others.
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